Escrow & TitleIntermediateNorth Carolina Exam
In NC, a mechanic's lien must be filed within how many days of the contractor's last furnishing of labor or materials?
ASimply a flat 30 days, shorter than North Carolina's actual mechanic's lien filing deadline
B60 days
C120 daysCorrect
D180 days
Why 120 days Is Correct
Answer C: 120 days
Under NC General Statutes Chapter 44A, a mechanic's lien must be filed within 120 days after the contractor's last furnishing of labor or materials to the project.
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
State-Specific Concepts
Mechanic's Lien
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